Short Interest in Axon Enterprise, Inc. (NASDAQ:AXON) Decreases By 7.3%

Axon Enterprise, Inc. (NASDAQ:AXON) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 2,280,000 shares, a decrease of 7.3% from the March 15th total of 2,460,000 shares. Based on an average daily trading volume, of 461,500 shares, the short-interest ratio is presently 4.9 days.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Morgan Stanley upped their price target on Axon Enterprise from $250.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 28th. Argus began coverage on Axon Enterprise in a research note on Wednesday, March 13th. They issued a “buy” rating and a $380.00 price target on the stock. JMP Securities upped their price objective on Axon Enterprise from $250.00 to $285.00 and gave the company a “market outperform” rating in a research report on Tuesday, February 6th. TheStreet cut Axon Enterprise from a “b” rating to a “c+” rating in a research report on Tuesday, February 27th. Finally, Needham & Company LLC upped their price objective on Axon Enterprise from $315.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $312.64.

Hedge Funds Weigh In On Axon Enterprise

Hedge funds and other institutional investors have recently modified their holdings of the company. ICA Group Wealth Management LLC bought a new position in shares of Axon Enterprise during the 4th quarter valued at $25,000. Hollencrest Capital Management bought a new position in Axon Enterprise in the 1st quarter worth $29,000. BKM Wealth Management LLC bought a new position in Axon Enterprise in the 4th quarter worth $32,000. First Capital Advisors Group LLC. bought a new position in Axon Enterprise in the 2nd quarter worth $33,000. Finally, First PREMIER Bank bought a new position in Axon Enterprise in the 1st quarter worth $33,000. 79.08% of the stock is owned by institutional investors.

Axon Enterprise Price Performance

NASDAQ AXON opened at $300.31 on Wednesday. The business’s fifty day moving average price is $299.16 and its 200-day moving average price is $256.71. The stock has a market capitalization of $22.66 billion, a price-to-earnings ratio of 130.57 and a beta of 0.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.00 and a quick ratio of 2.66. Axon Enterprise has a 1-year low of $175.37 and a 1-year high of $329.87.

Axon Enterprise (NASDAQ:AXON) last released its quarterly earnings results on Tuesday, February 27th. The biotechnology company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.29. The firm had revenue of $432.14 million for the quarter, compared to analysts’ expectations of $418.97 million. Axon Enterprise had a return on equity of 14.11% and a net margin of 11.14%. On average, equities analysts predict that Axon Enterprise will post 2.43 earnings per share for the current year.

Axon Enterprise Company Profile

Axon Enterprise, Inc develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, Software and Sensors, and TASER. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence.